For More Information

If you're interested in theory, you can see the separate MPT article that explains how diversification improves your return/volatility tradeoff;
the links page in that article lists books and sites that would be appropriate.

Other Monte Carlo calculators are available, and tend to fall into three categories: (1) standalone calculators (like ours) that require you to input expected returns and standard deviations;
(2) sales oriented calculators, that let you create a portfolio from a particular provider's mutual funds; and
(3) fees-based calculators, that can help you create a portfolio from many different sources.
Here are some representatives:

MCRetire from Efficient Solutions
(standalone - this is a product that you purchase and download)